In recent years, regulatory mandates such as HIPAA have forced healthcare organizations to approach business continuity differently, particularly when it comes to big data management.
With electronic data volumes growing by about 40 percent annually, healthcare practices are having to innovate in the way they manage data, while keeping in mind objectives such as recovering data and reducing the likelihood of security breaches.
Efficient management of high-value data is also becoming important to improving quality of care. In a recent survey by the American Health Information Management Association, nearly all healthcare professionals (more than 90 percent) said that valuable information “helps improve care quality, contain costs and analyze clinical, business and financial performance.”
Cloud solutions are making it possible for a more streamlined data management process. But are healthcare organizations taking advantage of these solutions? Do they have the resources available to do so? Recent research says yes.
A report by Frost & Sullivan indicates that by 2020 the total value of the healthcare cloud market will be in the neighborhood of $3.5 billion. In a separate survey by Dimensional Research and sponsored by Equinix, 74 percent of North American survey respondents said they expected a larger budget in 2015.
With their increased budgets, providers will look for the following features in a cloud services solution (criteria are gathered from both surveys):
- Operational efficiency
- Lower up-front costs
- Access to on-demand capacity
- Quick deployment
- Easier management of IT staff
- Direct connections to cloud providers